Crypto Analyst Predicts Rallies for Dogecoin, Pepe, Polygon and Two Additional Altcoins – Here Are His Targets

A widely followed crypto trader is predicting surges for a handful of altcoins including memecoins Dogecoin ($DOGE) and Pepe ($PEPE).

Pseudonymous analyst Kaleo tells his 593,000 Twitter followers that $DOGE looks poised for bullish continuation after taking out its diagonal resistance on the four-hour chart.

According to Kaleo, $DOGE could witness breakout rallies if it moves above its horizontal resistance at $0.072.

“We’ve already seen a decent resistance break for $DOGE on the USD chart.

Expecting acceleration above a reclaim of $0.072 (early June pre-breakdown/capitulation level).”

At time of writing, $DOGE is trading for $0.068.

Looking at fellow meme token Pepe, Kaleo believes that the altcoin is gearing up for a rally after moving above its diagonal resistance on the four-hour chart.

“Looking for $PEPE to send to the high $0.0000020s from here for a leg up similar to the one we saw mid-June.”

At time of writing, $PEPE is worth $0.00000172.

The crypto strategist is also keeping a close watch on the Ethereum (ETH)-scaling solution Polygon (MATIC). Kaleo says that MATIC could rally above $1.00 if it reclaims $0.75 as support.

“Don’t want to get too greedy. Content with a move to just over $1.00 for MATIC in USD.”

At time of writing, MATIC is worth $0.696.

Next up is the decentralized derivatives exchange Injective ($INJ). Kaleo says $INJ will likely see more rallies until the altcoin hits his target of $9.50.

“$INJ has already broken high timeframe resistance on the USD chart.

Expecting acceleration above a reclaim of the April highs ~$9.50+.”

At time of writing, $INJ is worth $8.58.

The last altcoin on the trader’s radar is Binance Coin ($BNB), the utility token of the world’s largest crypto exchange. According to Kaleo, $BNB has likely carved a local bottom and is en route to its range highs at around $300.

“Not being too greedy. Just want to see a return to the $300 – $350 range.”

At time of writing, $BNB is trading for $242.

Generated Image: Midjourney